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Hpreet796 Hpreet796
wrote...
Posts: 472
5 years ago
If a perfectly competitive firm is producing at an output at which marginal cost exceeds marginal revenue

• price will be at the profit maximizing level.

• the firm should expand production.

• the firm should reduce production.

• sales will be at the profit maximizing level.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 58 times
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Replies
wrote...
5 years ago
the firm should reduce production.
Hpreet796 Author
wrote...
5 years ago
Thanks
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